주주자본주의에 대한 기독교세계관적 성찰

Shareholder capitalism is a form of the capitalism based on the private property theory. The characteristics of the shareholder capitalism are highly excess dividend and paid-in capital decrease, emphasis on the short-term performance, over- business-restructuring. Based on the christian world-view, I reviewed the problems of shareholder capitalism as follows. First, private property theory overemphasize the private right. So, that theory can't consider trusteeship of human. Second, because shareholder capitalism pursues the utility maximization by shareholders' value maximization, it always has the possibility of mammonism and infringement of others' interests. Over-paid-in capital decrease and highly excess dividend may encroach growth potential of company. As a result, company can't accomplish the expected role as a carrier of God's cultural commandment. Third, Over-business- restructuring restricts human work which is the gift by God. Forth, financial statements centered shareholders can't reflect efficiently other stakeholders‘ requests. To solve these problems, first of all, shareholders and other stakeholders must recognize themselves as the trustees of God. And based on the above recognition, they have to manage their companies and share the resources and profits. Furthermore, we have to study various systems to protect unemployed persons. Financial statements are complemented to reflect other stakeholders.